Continue to site >
Trending ETFs

Mutual Funds and ETFs Scorecard: March 2 Edition

Rising gold prices symbol represented by a shopping cart on a rollercoaster with gold bars
Every fortnight, MutualFunds.com provides a snapshot of the performance of some key mutual funds and ETFs to highlight the trending sectors, geographic regions, and asset classes. MutualFunds.com uses a system to automatically scan through thousands of relevant securities and, to ensure quality and adequate track record, places a minium threshold on net assets ($1 Bn for mutual funds and $500 Mn for ming ETFs). The best and worst performers are further discussed in the report along with key economic highlights from the past fortnight, reminding you to adjust your portfolios if required.

Performance Scorecard

Gold has outperformed all other assets over the past fortnight, as investors weighed the implications for the global economy of Russia’s invasion into Ukraine and sought safe havens. Meanwhile, Russian equities were hammered as the Western world introduced tough economic sanctions against the country.
MF & ETF Scorecard Graph - Category Performance - Mar 2

US Broad mostly includes funds focussed on US equities and can cover different investing styles (growth/value) and market capitalizations (small/mid/large). Fixed Income includes funds focused on debt securities and can cover different geographies (US/foreign) and security types (corporate/municipal/high-yield/investment-grade/government/structured). Alternatives cover funds focussed on non-traditional investment strategies (currency, hedge fund strategy, derivatives), leveraged/structured products, real estate, and commodities. Dividend funds focus on generating income via equities and not through debt.

 

U.S. Broad

Small-cap equities were the best performers from U.S. stocks during the past fortnight, as they are more immune to foreign geopolitical shocks than large-cap companies. Growth-oriented and foreign funds were some of the worst performers.
 

Top Performers
 

  • John Hancock Small Cap Core Fund (JCCIX) , up 3.49%, and Calvert Small-Cap Fund (CCVAX), up 2.7%.
     

Worst Performers
 

  • Tactical Offensive Equity Fund (TCOEX) , down -6.87%, and Pear Tree Polaris Foreign Value Small Cap Fund (QUSIX), down -4.66%.

 

Dividend

Small-cap and dividend growth-focused funds continued to outperform while global dividend funds suffered.
 

Top Performers

 

  • Principal Small-MidCap Dividend Income Fund (PMDIX) , up 0.81%, and Neuberger Berman Equity Income Fund (NBHAX), up 0.56%.
     

Worst Performers

 

  • Janus Henderson Global Equity Income Fund (HFQAX) , down -1.98%, and PGIM Jennison Global Equity Income Fund (JDEZX), down -1.53%.

 

Fixed Income

Short-term treasuries and inflation-linked bond funds were outperforming emerging market-focused debt funds.
 

Top Performers

 

  • Eaton Vance Income Fund of Boston (EVIBX) , up 1.31%, and American Century Short Duration Inflation Protection Bond Fund (APOGX), up 0.92%.
     

Worst Performers

 

  • Stone Harbor Emerging Markets Debt Fund (SHMDX) , down -4.87%, and JPMorgan Emerging Markets Debt Fund (JEDAX), down -4.5%.

 

Sector

The metals and mining sector, as well as gold, surged over the past fortnight, largely in response to the Russia-Ukraine crisis. Technology stocks were at the other end of the spectrum.
 

Top Performers

 

  • Invesco Gold & Special Minerals Fund (OPGSX) , up 5.81%, and Franklin Gold and Precious Metals Fund (FGPMX), up 4.38%.
     

Worst Performers

 

  • American Beacon ARK Transformational Innovation Fund (ADNYX) , down -6.36%, and T. Rowe Price Global Technology Fund (PRGTX), down -6.28%.

 

Foreign

Asian equities have posted gains as they seemed to be a relative safe haven compared with European equities, which have been among the worst performers due to the war that broke out in Ukraine. Emerging market equities, in general, performed poorly last fortnight.
 

Top Performers

 

  • DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) , up 0.1%, and Wasatch International Growth Fund (WAIGX), up 0%.
     

Worst Performers

 

  • Virtus KAR International Small-Cap Fund (VCISX) , down -7.26%, and Harding Loevner Institutional Emerging Markets Portfolio (HLEZX), down -6.92%.

 

Alternatives

Gold and silver jumped double digits as investors sought safe havens following Russia’s military invasion of Ukraine. Several funds focused on tactical and long/short strategies performed poorly last fortnight.
 

Top Performers

 

  • Fidelity® Select Gold Portfolio (FSAGX) , up 5.64%, and Vanguard Commodity Strategy Fund (VCMDX), up 3%.
     

Worst Performers

 

  • PIMCO RAE Worldwide Long/Short PLUS Fund (PWLBX) , down -1.88%, and BlackRock Tactical Opportunities Fund (PCBAX), down -1.87%.

 

ESG

ESG funds have performed poorly over the past fortnight with none of them registering positive gains.
 

Worst Performers

 

  • Putnam Sustainable Leaders Fund (PNOPX) , down -1.26%, and PIMCO Total Return ESG Fund (PTGCX), down -1.12%.

Key Economic Indicators

Among major economic data released during the last two weeks, European services purchasing managers’ index (PMI) grew to 55.8, well above expansion territory, while manufacturing PMI fell slightly to 58.4. In the U.S., both manufacturing and services PMI climbed strongly. U.S. GDP rose 7% in the fourth quarter, a strong reading that was in line with analysts’ expectations.

The UK’s inflation rose slightly to 5.5%. Federal Reserve minutes showed policymakers’ increased willingness to raise interest rates as inflation in the U.S. has reached the highest level in 40 years.

 
Fund performance data for the period between February 11, 2022 and February 25, 2022.

We provide this report on a fortnightly basis. To stay up to date with mutual fund market events, come back to our news page here.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

Rising gold prices symbol represented by a shopping cart on a rollercoaster with gold bars

Mutual Funds and ETFs Scorecard: March 2 Edition

Every fortnight, MutualFunds.com provides a snapshot of the performance of some key mutual funds and ETFs to highlight the trending sectors, geographic regions, and asset classes. MutualFunds.com uses a system to automatically scan through thousands of relevant securities and, to ensure quality and adequate track record, places a minium threshold on net assets ($1 Bn for mutual funds and $500 Mn for ming ETFs). The best and worst performers are further discussed in the report along with key economic highlights from the past fortnight, reminding you to adjust your portfolios if required.

Performance Scorecard

Gold has outperformed all other assets over the past fortnight, as investors weighed the implications for the global economy of Russia’s invasion into Ukraine and sought safe havens. Meanwhile, Russian equities were hammered as the Western world introduced tough economic sanctions against the country.
MF & ETF Scorecard Graph - Category Performance - Mar 2

US Broad mostly includes funds focussed on US equities and can cover different investing styles (growth/value) and market capitalizations (small/mid/large). Fixed Income includes funds focused on debt securities and can cover different geographies (US/foreign) and security types (corporate/municipal/high-yield/investment-grade/government/structured). Alternatives cover funds focussed on non-traditional investment strategies (currency, hedge fund strategy, derivatives), leveraged/structured products, real estate, and commodities. Dividend funds focus on generating income via equities and not through debt.

 

U.S. Broad

Small-cap equities were the best performers from U.S. stocks during the past fortnight, as they are more immune to foreign geopolitical shocks than large-cap companies. Growth-oriented and foreign funds were some of the worst performers.
 

Top Performers
 

  • John Hancock Small Cap Core Fund (JCCIX) , up 3.49%, and Calvert Small-Cap Fund (CCVAX), up 2.7%.
     

Worst Performers
 

  • Tactical Offensive Equity Fund (TCOEX) , down -6.87%, and Pear Tree Polaris Foreign Value Small Cap Fund (QUSIX), down -4.66%.

 

Dividend

Small-cap and dividend growth-focused funds continued to outperform while global dividend funds suffered.
 

Top Performers

 

  • Principal Small-MidCap Dividend Income Fund (PMDIX) , up 0.81%, and Neuberger Berman Equity Income Fund (NBHAX), up 0.56%.
     

Worst Performers

 

  • Janus Henderson Global Equity Income Fund (HFQAX) , down -1.98%, and PGIM Jennison Global Equity Income Fund (JDEZX), down -1.53%.

 

Fixed Income

Short-term treasuries and inflation-linked bond funds were outperforming emerging market-focused debt funds.
 

Top Performers

 

  • Eaton Vance Income Fund of Boston (EVIBX) , up 1.31%, and American Century Short Duration Inflation Protection Bond Fund (APOGX), up 0.92%.
     

Worst Performers

 

  • Stone Harbor Emerging Markets Debt Fund (SHMDX) , down -4.87%, and JPMorgan Emerging Markets Debt Fund (JEDAX), down -4.5%.

 

Sector

The metals and mining sector, as well as gold, surged over the past fortnight, largely in response to the Russia-Ukraine crisis. Technology stocks were at the other end of the spectrum.
 

Top Performers

 

  • Invesco Gold & Special Minerals Fund (OPGSX) , up 5.81%, and Franklin Gold and Precious Metals Fund (FGPMX), up 4.38%.
     

Worst Performers

 

  • American Beacon ARK Transformational Innovation Fund (ADNYX) , down -6.36%, and T. Rowe Price Global Technology Fund (PRGTX), down -6.28%.

 

Foreign

Asian equities have posted gains as they seemed to be a relative safe haven compared with European equities, which have been among the worst performers due to the war that broke out in Ukraine. Emerging market equities, in general, performed poorly last fortnight.
 

Top Performers

 

  • DFA World ex U.S. Government Fixed Income Portfolio (DWFIX) , up 0.1%, and Wasatch International Growth Fund (WAIGX), up 0%.
     

Worst Performers

 

  • Virtus KAR International Small-Cap Fund (VCISX) , down -7.26%, and Harding Loevner Institutional Emerging Markets Portfolio (HLEZX), down -6.92%.

 

Alternatives

Gold and silver jumped double digits as investors sought safe havens following Russia’s military invasion of Ukraine. Several funds focused on tactical and long/short strategies performed poorly last fortnight.
 

Top Performers

 

  • Fidelity® Select Gold Portfolio (FSAGX) , up 5.64%, and Vanguard Commodity Strategy Fund (VCMDX), up 3%.
     

Worst Performers

 

  • PIMCO RAE Worldwide Long/Short PLUS Fund (PWLBX) , down -1.88%, and BlackRock Tactical Opportunities Fund (PCBAX), down -1.87%.

 

ESG

ESG funds have performed poorly over the past fortnight with none of them registering positive gains.
 

Worst Performers

 

  • Putnam Sustainable Leaders Fund (PNOPX) , down -1.26%, and PIMCO Total Return ESG Fund (PTGCX), down -1.12%.

Key Economic Indicators

Among major economic data released during the last two weeks, European services purchasing managers’ index (PMI) grew to 55.8, well above expansion territory, while manufacturing PMI fell slightly to 58.4. In the U.S., both manufacturing and services PMI climbed strongly. U.S. GDP rose 7% in the fourth quarter, a strong reading that was in line with analysts’ expectations.

The UK’s inflation rose slightly to 5.5%. Federal Reserve minutes showed policymakers’ increased willingness to raise interest rates as inflation in the U.S. has reached the highest level in 40 years.

 
Fund performance data for the period between February 11, 2022 and February 25, 2022.

We provide this report on a fortnightly basis. To stay up to date with mutual fund market events, come back to our news page here.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next